Duplex with Solar
For Sale
$750,000
176 Orange Avenue, Suffern, NY 10901
Separate meters serve each unit, supporting distinct usage tracking across the two-family property.
Property Size2,272 SF
Days on Market15
Property Features for 176 Orange Avenue
General Information
Standard status
Active
Size
2,272 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$16,097
Amenities
solar panels
enclosed porch
fenced backyard
Building Details
Building Size
2,272 SF
Year Built
1929
Buildings
1
Units
2
Listing Agency:
Hudson Premium Realty
(845) 499-9529
Listed By:
Joseph De Gironimo
(845) 499-9529
Source:
Cohenandcohenrealty
Added: Aug 7
Changed: Aug 20
Last Checked: Aug 20 at 8:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hudson Premium Realty
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1929, includes two residential units with distinct layouts. The first-floor residence has an enclosed porch, two bedrooms, a newer full bathroom, and an additional room suitable for office use or a third bedroom. Upstairs are three bedrooms, a full bathroom, ample closet space, and a full-size eat-in kitchen.
The lower level combines finished and unfinished areas with a separate entrance, newer full bathroom, and bedroom. Solar panels are installed, with two separate meters serving the units. The property also includes an extra-large two-car garage, additional parking, and a fenced backyard with landscaped grounds. Its setting provides access to major highways in the tri-state area, a nearby hospital, restaurants, commuter rail, and bus service.
The lower level combines finished and unfinished areas with a separate entrance, newer full bathroom, and bedroom. Solar panels are installed, with two separate meters serving the units. The property also includes an extra-large two-car garage, additional parking, and a fenced backyard with landscaped grounds. Its setting provides access to major highways in the tri-state area, a nearby hospital, restaurants, commuter rail, and bus service.
Key Highlights
- Two‑family duplex built in 1929
- Solar panels with two separate meters, one for each unit
- First‑floor unit offers 2 bedrooms, enclosed porch, and office or third‑bedroom area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,150
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$803,000
$803.0K
Cap Rate 7%
$573,571
$573.6K
Cap Rate 9%
$446,111
$446.1K
Market Conditions
NOI Build-Up for 2,272 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.3K $27.00/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$57.4K $25.25/SF
− OpEx
−$17.2K −$7.57/SF
NOI
$40.1K $17.67/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$803,000
Cap Rate 7%
$573,571
Cap Rate 9%
$446,111
Alternative Uses
Best Use
Multifamily LT 5
$573.6K
$501.9K – $669.2K
NOI $40,150 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$531.9K
$465.4K – $620.6K
NOI $37,234 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,154 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 10901, NY
25,145
Population
9,674
Households
2.6
Avg Household Size
42
Median Age
48%
College-Educated
90%
High-School Grad
23.5 sq mi
ZIP Area
1,070
Density / Sq Mi
$114,651
Median Household Income
$59,561
Median Earnings
$1,746
Median Rent
$490,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate meters serve each unit, supporting distinct usage tracking across the two-family property.
Where is this duplex located?
The property is located at 176 Orange Avenue Suffern, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family duplex built in 1929; Solar panels with two separate meters, one for each unit; First‑floor unit offers 2 bedrooms, enclosed porch, and office or third‑bedroom area
